Posted on
September 8, 2023
by
Emma Co
Despite predictions, Metro Vancouver's housing market continues to thrive! With sales seeing a 21.4% increase this August compared to last year, we've proven that we can overcome even the highest borrowing costs in over a decade!
A slow start to the year with rising prices due to low inventories but the fall season brought a balance to the sales price gains. Now we’re seeing a slowdown but fear not, this is just the usual seasonal trend settling in.
Are you looking to dive into this dynamic market? Or maybe you have some questions about what these numbers mean for you?
Let's chat! I would love to guide you through the ins and outs of the Vancouver real estate market. ️
Emma Co PREC*
604.618.3888
emmaco.realty@gmail.com
vancouverprivatehomes.com
✨Building VALUE With Every Move✨
Posted on
September 7, 2023
by
Emma Co
Want to be able to find good people to rent to?
⏬ Here are the traits of a high-quality tenant you should look for.
1. A High-Quality Tenant Is Responsible
Responsible people do the right thing all the time. As tenants, they tend to pay rent on time, and they take pride in their living space. When you rent to a responsible person, you can rest easy knowing you’ll make a profit every month and that they will take good care of the property.
2. A high-Quality Tenant Has The Ability To Pay On Time
A high-quality renter will be able to pay the rent on time every month. You’ll know a potential renter has this ability by checking his or her employment status and earnings.
3. A high-Quality Tenant Values Honesty
Honest people make great tenants. This is because they cannot lie easily. If a tenant lies on their application (it happens a lot), you probably don’t want to rent to them.
4. A high-Quality Tenant Is Clean
This quality is a little harder to judge, but there are indicators that a prospective tenant may not keep your rental clean. For instance, their appearance can shed some light on how well they keep their living space organized and tidy.
5. A high-Quality Tenant Is Stable
If the person you’re interviewing for your rental has a job and family in the area, it’s a good indication that they are stable and will remain in the property for a year or more.
Emma Co Personal Real Estate Corp | Macdonald Realty
emmaco.realty@gmail.com | 6046183888
Building VALUE With Every Move
Posted on
September 6, 2023
by
Emma Co
Is flipping houses the right investment for you? How does it work, and what are the risks?
Below, we’ll take a quick look at what mistakes to avoid.
1. Not having enough money
It’s vital that you research all the costs associated with buying, owning, and repairing a home in order to sell it for a profit later.
2. Not having enough time
Once everything is done, you’ll need to put the home up for sale and show it to prospective buyers.
3. Not possessing the right skills
Many house flippers are actually construction, plumbing, and electrical professionals with the skills to do most of the work themselves.
4. Not knowing about real estate investing
You also need to understand real estate laws, tax laws, and be able to choose which repairs are necessary and which are not.
5. Not being patient
Be sure you consider the five pitfalls above to be sure you know what you’re getting into.
Emma Co Personal Real Estate Corp | Macdonald Realty
emmaco.realty@gmail.com | 6046183888
Building VALUE With Every Move
Posted on
September 1, 2023
by
Emma Co
☔ If you’re a landlord, save up for a rainy day!
Don’t get caught without an emergency fund.
4 Reasons Why Keeping A Rainy Day Fund Is A Must For Landlords
1. The roof/foundation needs repair. If you fix it yourself, it’ll be less expensive, but neither option is going to be cheap.
2. Appliance breakdown. As the landlord, you must act quickly to repair or replace the unit to keep your tenants safe and happy.
3. Bad tenants. While you may charge a security deposit just for cases like this, many times it isn’t enough if your tenants go above and beyond in their quest to destroy your property.
4. Vacancy expenses. From the mortgage payment to utility bills, it’s your responsibility to pay it all yourself until you can find new tenants.
Emma Co Personal Real Estate Corp | Macdonald Realty
emmaco.realty@gmail.com | 6046183888
Building VALUE With Every Move